US Credit Card GDV Leads Debit Card GDV by 50 bps

US Credit Card GDV Leads Debit Card GDV by 50 bps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) for Visa and MasterCard (credit + debit) in the third quarter (4Q/15) grew at an annual rate (YOY) of 8.7%. Visa U.S. payment card (credit + debit) GDV for 4Q/15 was up 8.9%. MasterCard U.S. payment card (credit + debit) GDV for 4Q/15 was up 8.4%.…

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US Network Gross Credit Card Accounts to Top 500MM

US Network Gross Credit Card Accounts to Top 500MM

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. gross accounts (GAC) in the fourth quarter (4Q/15) for Visa, MasterCard, American Express and Discover U.S. credit cards was up 6.6% year-on-year (YOY). At the end of 4Q/15, there were 498.5 million U.S. credit GAC compared to 491.0 million for 3Q/15, and 467.5 million for 4Q/14. 
Visa U.S. credit…

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Visa and MasterCard X-Border Volume Continues to Soften

Visa and MasterCard X-Border Volume Continues to Soften

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cross-border transaction volume for Visa and MasterCard continued to slide in the fourth quarter (4Q/15). Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 4.0% YOY, while MasterCard rose 12.3% YOY for FX GDV in the fourth quarter. Cross-border volume refers to payments and cash volume where the issuing country…

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Visa and MC Lead Global PDV Growth with 11% YOY

Visa and MC Lead Global PDV Growth with 11% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 6.3% year-on-year (YOY) on a nominal dollars basis for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global 4Q/15 PDV increased 10.8% YOY.  The major four networks posted $2489 billion in…

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Honeymoon with U.S. FOR & DSR Ratios Might be Over

Honeymoon with U.S. FOR & DSR Ratios Might be Over

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After hitting new lows, the Financial Obligations Ratio (FOR) for 4Q/15 started edging up and the Debt Service Ratio (DSR) also inched up. According to the Federal Reserve the FOR slipped upward to 15.38% in 4Q/15, compared to 15.34% in 3Q/15 and 15.31% in 4Q/15. The DSR rosed to 10.07% in…

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Azimo Accelerates Scandinavia’s Cashless Society

Azimo Accelerates Scandinavia’s Cashless Society

London-based digital money transfer specialist, Azimo, has launched services in Denmark and Sweden, increasing the countries it serves to 22. Through a strategic partnership with European online payments service provider Trustly, hard-working migrants can now send Danish Krone (DKK) and Swedish Krona (SEK) from their mobile or desktops to family and friends in over 190…

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MDES Energizes the Digital Payment Migration in Europe

MDES Energizes the Digital Payment Migration in Europe

A new study reveals 38% of payments made throughout Europe will be digital by 2020. To facilitate this digital payment migration MasterCard MDES is paving the way in Europe. The MasterCard Digital Enablement Service (MDES), which enables every commerce device to make payments through industry-standard tokenization. First launched in the US in 2014 with Apple…

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MASTERCARD; BARLOW; UNIONPAY; and NAB.

In Other News: MASTERCARD (Renner); BARLOW (awards); UNIONPAY (UAE); and NAB (Womply). MASTERCARD – Renner, Brazil’s largest department store, launched its digital wallet in partnership with MasterCard, making the online payment experience easier and more convenient. Renner customers can now link credit and debit cards, loyalty programs and advance payment options through the MasterPass wallet…

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First JCB Prepaid Card Co-badged with girocard Launched

First JCB Prepaid Card Co-badged with girocard Launched

JCB, PayCenter and petaFuel have launched the first JCB-girocard co-badged card in Germany. The product named “CardDuo” is a prepaid card which combines the functionalities of JCB alongside girocard (payment scheme operated by the German Banking Industry Committee). By operating with both JCB and girocard applications, cardmembers can access JCB’s Merchant and ATM network in…

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Enter Verifone Carbon the Future of Experiential POS

Enter Verifone Carbon the Future of Experiential POS

Verifone unveils a sleek, flexible and integrated POS leveraging powerful capabilities and applications to transform the checkout process into a special experience merchants and consumers. Verifone Carbon is the result of Verifone’s commitment to transforming the POS, where we are connecting merchants to new differentiating opportunities and consumers to intuitive, enjoyable experiences. Verifone Carbon offers…

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